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well, we begin tonight with the fiscal cliff, justin days from the largest tax hike in american history was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxe and draconian spending cuts reting squarely on the prsident. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they went from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still face his s
well, we begin tonight with the fiscal cliff, justin days from the largest tax hike in american history was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxe and draconian spending cuts reting squarely on the prsident. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside to...
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there are eight days now until the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues including tax rate hikes even though i don't like them, to get a-- to save the country from becoming greece tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> jeff: with christmas just two days away last minute gift guire-- buyers are out. today shopper track said saturday was the buses
there are eight days now until the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done....
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cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan to avert the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we should do better. this is an opportunity to do something that
cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan...
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cliff are on hold for now. leaders claim they will work a p house leader john boehner said the white house proposal doesn't go far enough to stop massive spending. failure will trigger tax hikes and spending cuts. >> there are weeks of protest over the constitution which opponents say give too much power to president morsi . egypt's vice-president resigned and his position will be elim flated altogether and word that government's central bark quits. i am back to huckabee. for all of the headlines go to fox news.com. the pro lifer versus pro abortion is heating nup ireland. the woman complained of pain and she asked for a abortion believing she miscarried her young baby. the doctors refused to abort the child saying the fetal heart beat was still. the women died three days later. the incident caused controversy all over the world . american pro abortion advocates pressured hillary clinton. joining us is hilary rose. an irish citizen nevy brown delair woman of love institute. it is so good to have you hered today
cliff are on hold for now. leaders claim they will work a p house leader john boehner said the white house proposal doesn't go far enough to stop massive spending. failure will trigger tax hikes and spending cuts. >> there are weeks of protest over the constitution which opponents say give too much power to president morsi . egypt's vice-president resigned and his position will be elim flated altogether and word that government's central bark quits. i am back to huckabee. for all of the...
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cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this wld be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try t to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend tax cuts for the middle class. th
cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this wld be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the...
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cliff. true, it was asking the house republicans to vote for a tax increase. but it was -- they got some cover from grower and others and i think it was a political exercise more so than anythings and it had enabled the work, it would have changed the scenario. >> governor, you know first-hand the politics of raising taxes. what did you make of all this? >> i almost felt sorry for speaker boehner. being torn apart by his own caucus. i'm enthusiastic about them passing anything. tax bills have to start in the house. the senate can take whatever vehicle they send over and substitute for it something that makes sense and have it sent back and it's on them to say yes or no as to whether we go over the cliff. that's really the approach. >> so you want to see something come out of the house? >> anything. anything. and you substitute the total bill. but it has to come out of the house and that's the rationale for getting something there. >> they actually did get something out of the house early las
cliff. true, it was asking the house republicans to vote for a tax increase. but it was -- they got some cover from grower and others and i think it was a political exercise more so than anythings and it had enabled the work, it would have changed the scenario. >> governor, you know first-hand the politics of raising taxes. what did you make of all this? >> i almost felt sorry for speaker boehner. being torn apart by his own caucus. i'm enthusiastic about them passing anything. tax...
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that is why they call it the fiscal cliff. president obama wants to let the taxes go up on the so called rich generating $80 billion in refs. revenue. 8 days of federal spending. less than 1% of the $16 trillion debt. >> do you know how much debt america is in right now 12346789. >> $14 billion or something like that. >> do you know what the national debt is right now? >> no idea. >> i'm going to say 30 something trillion. >> 16 trillion. you just doubled it. >> the fiscal cliff is definitely around the corner. and here to try to break it down so everyone understands it is fox news contributor steven crowder who joins us from dallas, texas. hello, steven. >> hello judge or as we say in french "judge jeanine." i don't know if that is french. >> judge jeanine: i don't know either. >> actually no, i am french canadian. >> judge jeanine: can you you tell us what this fiscal cliff is? >> well, listen, i don't know about the package you just ran. i did go out and interview people on the street for the fiscal cliff. i apparently had
that is why they call it the fiscal cliff. president obama wants to let the taxes go up on the so called rich generating $80 billion in refs. revenue. 8 days of federal spending. less than 1% of the $16 trillion debt. >> do you know how much debt america is in right now 12346789. >> $14 billion or something like that. >> do you know what the national debt is right now? >> no idea. >> i'm going to say 30 something trillion. >> 16 trillion. you just doubled it....
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that is underlying the fiscal cliff and everything going on on capitol hill behind us. that is the philosophical question. i tax, high benefits or a low tax, low benefits. host: the president is on his way to high this weekend. i am assuming speaker boehner is going to high and majority leader reid is going to nevada. will there be any discussions between anybody over the next week or so? when do we expect these five banks -- these guys will come back to wrap this up? guest: they will come back and wrap up the supplemental bill hand and a couple of pieces of legislation they have to do -- supplemental bill has and a couple of pieces of legislation they have to do anyway. u.s. something all of us on capitol hill are dying to find out. when -- you ask something of a who worked on capitol hill are dying to find out. at the present's post office -- press conference, someone yelled, when are you coming back? we want to have the longest section possible. host: thanks for being on the program. we will continue talking about >> we are joined by the authors of the nearly release
that is underlying the fiscal cliff and everything going on on capitol hill behind us. that is the philosophical question. i tax, high benefits or a low tax, low benefits. host: the president is on his way to high this weekend. i am assuming speaker boehner is going to high and majority leader reid is going to nevada. will there be any discussions between anybody over the next week or so? when do we expect these five banks -- these guys will come back to wrap this up? guest: they will come back...
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. >> alisyn: not only if we plunge off the fiscal cliff, even if we don't go off the fiscal cliff, the new york post has broken it down this morning and said, remember how -- president obama has been able to say he's lowering everybody's taxes because he put in that payroll holiday and payroll tax holiday. so everybody's taxes for the past two years, the social security tax 6.2 to 4.2%. that expires, sun sets at the end of this and that's not part of the fiscal cliff negotiations. everybody's-- there will be a bite taken out of every single person's paycheck because that holiday is over. >> clayton: yes, 2% we're talking here so it's going to go back to, as alisyn pointed out, that 6.2%, it's currently 4.2%. will they extend this thing? is this part of the negotiations? we don't know, so far it hasn't been, is it going to be put on the table at any point. >> kelly: unlike you, people on capitol hill scratching their heads and saying, what is going on, why haven't we had a common sense agreement bipartisan to get something done and everyone is scratching their heads and wall street is s
. >> alisyn: not only if we plunge off the fiscal cliff, even if we don't go off the fiscal cliff, the new york post has broken it down this morning and said, remember how -- president obama has been able to say he's lowering everybody's taxes because he put in that payroll holiday and payroll tax holiday. so everybody's taxes for the past two years, the social security tax 6.2 to 4.2%. that expires, sun sets at the end of this and that's not part of the fiscal cliff negotiations....
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a lot of people were worried about higher taxes and the fiscal cliff thing and they are not spending so much. if there is a sign next week we could have a deal, perhaps we will see moreshipping. there is going to be a lot of sales after christmas. >>heather: people get their gift cards. and we see that. that will be an important indication. not all hope is lost but we are cutting back and not as much spending as we hopeed. >> not all hope is lost. >>gregg: i am single-handedly holding up the american economy. one man stimulus. >>heather: you can catch brand da every saturday morning at 10:00 a.m. right here. >>gregg: it legal immigrants could get a free pass in the united states as immigration and customs enforcement unveil a new border patrol policy to bypass certain kinds of offenders. dominic is live in our west coast newsroom with more. >>reporter: yes, this policy snuck through hoping people would not notice and now illegal immigrant if they commit a petty crime they are not deported. the aim of homeland security and customs is to consequence trait resources on hunting down the
a lot of people were worried about higher taxes and the fiscal cliff thing and they are not spending so much. if there is a sign next week we could have a deal, perhaps we will see moreshipping. there is going to be a lot of sales after christmas. >>heather: people get their gift cards. and we see that. that will be an important indication. not all hope is lost but we are cutting back and not as much spending as we hopeed. >> not all hope is lost. >>gregg: i am single-handedly...
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is there a plan c or over the fiscal cliff. dan henninger, editorial board member. mary anastasia o'grady and jason riley. where do we stand right now with the collapse of plan b? >> well, it's no fun being john boehner right now. he's still in a tight spot and the concern that the republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and you're expected to make concessions, but you're expect today get something in return and boehner made a major concession on rights and the president is giving him nothing in return to take that to his caucus and say, this is what happened in the horse trading. it's all or nothing, obama seems determined to humiliate the opposition. >> paul: boehner made two concessions, first 800 billion on the table in revenue and don't raise rates when the president said no he, you've got to raise rates. he said okay, a concession on rates, an offer first we'll vote for a million dollar tax increase
is there a plan c or over the fiscal cliff. dan henninger, editorial board member. mary anastasia o'grady and jason riley. where do we stand right now with the collapse of plan b? >> well, it's no fun being john boehner right now. he's still in a tight spot and the concern that the republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and...
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. >>> christmas may be around the corner but so is the fiscal cliff. president obama addressed the nation saying that he met republicans halfway and still no deal was reached meaning the future for tax cuts is still uncertain. >> reporter: d.c. may be shutting down for christmas but the clock last not stopped running on the fiscal cliff which is closer than ever. no deal was reached this week to keep taxes from going up on everyone. john boehner says he is hopeful that a deal could be reached but in a speech, he continues to hammer away at president obama. >> this was year the size of the debt, all $16 trillion of it surpassed the size of our entire economy. it's a grim milestone, one of many that we'll have to bear if we don't come to grips. the president's solution of raising tax rates would still leave red ink as far as the eye can see. >> the president landed in hawaii for a shorter than usual christmas break. he will return to washington after christmas to walk on the fiscal cliff. he is acknowledging the political reality by pushing a scaled back
. >>> christmas may be around the corner but so is the fiscal cliff. president obama addressed the nation saying that he met republicans halfway and still no deal was reached meaning the future for tax cuts is still uncertain. >> reporter: d.c. may be shutting down for christmas but the clock last not stopped running on the fiscal cliff which is closer than ever. no deal was reached this week to keep taxes from going up on everyone. john boehner says he is hopeful that a deal...
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. >>> lawmakers are losing hope that a comprehensive deal to avoided fiscal cliff can be reached by the end of year. many are pushing for a patchwork measure. a broader plan to better balance taxes and cut spending would be discussed in the new year. congress is on break for christmas. they'll only have a few days to get any type of deal done when they return after the holiday. >>> mitt romney's sontagg says his father, quote, wanted to be less than anyone he's het in his life. he made those comments "the boston globe." tagg romney said his father had no desire to become president and would have stepped aside if he had someone to take his place. he described his father as a very private person who doesn't love attention. tagg romney served as an adviser to the 2012 romney campaign. >>> could be the end for jack's boat house. why the historic riverfront rental shop has been told to get out by the end of next month. >>> and we got some sun today but will it last? chuck bell will tell us whether we cou >>> with less than two days now until christmas, some procrastinators spent their day sh
. >>> lawmakers are losing hope that a comprehensive deal to avoided fiscal cliff can be reached by the end of year. many are pushing for a patchwork measure. a broader plan to better balance taxes and cut spending would be discussed in the new year. congress is on break for christmas. they'll only have a few days to get any type of deal done when they return after the holiday. >>> mitt romney's sontagg says his father, quote, wanted to be less than anyone he's het in his...
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is still no deal in sight on the fiscal cliff. the president is holding firm on tax cuts for the wealthiest americans. republicans say that must come with government spending cuts. in a plan b by republicans failed to make it to a vote and that has sparked some criticism from within the party. >> two years ago, speaker boehner promised to restore that process around which our entire government was designed. and so far, he has failed to fulfill that promise. i fault him for that. >> steven moore is the senior economics writer for the "wall street journal." necessary chicago. steven what do you make of congressman mcclintock and a lot of congressmen out there that mr. boehner has lost control of his own party? >> well, he certainly did, miquel, temporarily last week. almost everybody expected that plan b, as you described it, to past. and it had to be pulled at the last minute. that was an embarrassment for the speaker. he couldn't line up the votes in his own caucus that mean there is a lot of divisions even among the republicans a
is still no deal in sight on the fiscal cliff. the president is holding firm on tax cuts for the wealthiest americans. republicans say that must come with government spending cuts. in a plan b by republicans failed to make it to a vote and that has sparked some criticism from within the party. >> two years ago, speaker boehner promised to restore that process around which our entire government was designed. and so far, he has failed to fulfill that promise. i fault him for that. >>...
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cliff called "tax hikes may not hit paychecks right away." it's about how it's already too late for employers to accurately withhold income taxes from january paychecks. and the reno sunday gazette journal has an article entitled "first person: buying a weapon at the reno gun show." the writer chronicles how he went to a gun show and bought a semiautomatic rifle in less than 30 minutes for under $600. the background check took 15 minutes. one gun seller told the reporter rifles similar to the one used in newtown were expected to double in price in the next 90 days. i just finished reading that article. pretty unbelievable. >>> a democratic president at a time of political upheaval passes a major gun-control act in the wake of several shooting tragedies. that may sound like president obama's plan for the next term, but it actually happened 44 years ago. >> today we begin to disarm the criminals and the careless and the insane. and all of our people who are deeply concerned in this country about law and order should hail this day. and in our de
cliff called "tax hikes may not hit paychecks right away." it's about how it's already too late for employers to accurately withhold income taxes from january paychecks. and the reno sunday gazette journal has an article entitled "first person: buying a weapon at the reno gun show." the writer chronicles how he went to a gun show and bought a semiautomatic rifle in less than 30 minutes for under $600. the background check took 15 minutes. one gun seller told the reporter...
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>> chris: i'm chris wallace, talks to avert the fiscal cliff stall. washingtonates how to prevent more mass murders. ♪ >> chris: with nine days to go is it possible to make a deal to head off big tax increases, and spending cuts? we'll ask two senate leaders, republican john barrasso, and, democrat, kent conrad. then, as the nation mourns the victims of the newtown school shooting, we turn to a man of faith. for some answers. in these trying times he sees the need for a spiritual awakening. we'll discuss the sandy hook massacre and the meaning of christmas. with pastor rick warren. >>> plus, a change at the state department. as the benghazi report is finally released. we'll ask our sunday panel about the nomination of john kerry to replace hillary clinton. and, where the investigation of a terror attack that killed four americans goes now. and, our power player of the week, continues in holiday tradition, to show respect for veterans. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. at christmas, people
>> chris: i'm chris wallace, talks to avert the fiscal cliff stall. washingtonates how to prevent more mass murders. ♪ >> chris: with nine days to go is it possible to make a deal to head off big tax increases, and spending cuts? we'll ask two senate leaders, republican john barrasso, and, democrat, kent conrad. then, as the nation mourns the victims of the newtown school shooting, we turn to a man of faith. for some answers. in these trying times he sees the need for a spiritual...
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more on the fiscal cliff negotiations. i am joined by congressman peter king from new york who is involved. congressman, great to have you here. >> great to be here. >> happy holidays. >> happy birthday. >> have i to ask you, what are you doing home when we are approaching the fiscal cliff? >> probably not. once the deal broke on thursday night, the president and the speaker and the majority leader and the senate thought it was best to step back and now try to work out an arrangement. i have no problem being there. >> were you in support the plan b? >> i was. it was not a perfect plan, but considering the alternative, basically what john boehner was saying was no taxes would raise on anyone who had under $1 million. he was setting a million dollar threshold. the president was 250 or 400,000. i thought john boehner's hand was better and would strengthen in the negotiations. i think too many people in the conference were afraid would be seen as voting to increase taxes, but for not voting on the tax on over there for over a
more on the fiscal cliff negotiations. i am joined by congressman peter king from new york who is involved. congressman, great to have you here. >> great to be here. >> happy holidays. >> happy birthday. >> have i to ask you, what are you doing home when we are approaching the fiscal cliff? >> probably not. once the deal broke on thursday night, the president and the speaker and the majority leader and the senate thought it was best to step back and now try to work...
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i think they are going to go over the cliff. the main objective obama had was not a fiscal one, it was political, to follow the victory in november by creating a civil war among republicans over the tax issue, which is exactly what happened. he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially the problem the president faced with boehner two years ago. last year. can he deliver? how can you negotiate with someone who cannot deliver on his side? >> you go to people for support, at least three of whom have lost their committee assignments. how can you expect them to come over to your way of thinking? >> they were crowing when john boehner went down, taking some delight,
i think they are going to go over the cliff. the main objective obama had was not a fiscal one, it was political, to follow the victory in november by creating a civil war among republicans over the tax issue, which is exactly what happened. he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not...
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ahead this morning, the countdown to christmas and the countdown to the so-called fiscal cliff, just two days until santa, and a little over eight days until taxes go up for everyone if they don't resolve this issue. >>> the last victims from the connecticut school shootings are are laid to rest, as the gun control debate heats up in the nation's capitol. a look at a rally to end gun violence. >> and another crucial game for the skins, trying to make it six wins in a row. a preview of the big one in philly today. we break down their playoff chances. >>> good morning. welcome to fox 5 morning news. i've dave ross. >> and i'm wisdom, good to see you! fun to be here on a sunday. >> we'll have a good time talking redskins. >> it is a meaningful game around christmas time. >>> also keeping tabs on the weather, bothn our area and in philly as well. this is a live look outside at the national christmas tree.got your christmas shopping done? >> of course not! >> make sure you move my name up to the top of the list! >>> a look at the national christmas tree near the white house. fox 5's gwen
ahead this morning, the countdown to christmas and the countdown to the so-called fiscal cliff, just two days until santa, and a little over eight days until taxes go up for everyone if they don't resolve this issue. >>> the last victims from the connecticut school shootings are are laid to rest, as the gun control debate heats up in the nation's capitol. a look at a rally to end gun violence. >> and another crucial game for the skins, trying to make it six wins in a row. a...
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unemployment benefits insurance, and he wants it on his terms to be able to put off the fiscal cliff, but we are still going to have a lot of debate about how to deal with entitlements and spending cuts, and this is just showing that even after the election, washington teams paralyzed and unable to act, not very impressive. >> we felt so promising after the elections they wanted to work together, and you talk about the small deal, can they get it done? because boehner said, as far as reaching the deal, god only knows. >> if we go over the fiscal cliff where we get passed january 1st, things won't happen right away. there are automatic spending cuts that will take affect, and congress can come back and get legislation done. congress can prove to work quickly when it has to. i think the expectation is they come back after christmas and get the smaller deal done that at least puts off the idea of the fiscal cliff and then they have to come back and get back to the deficit-cutting deal if they can reach that later on. >> and president obama nominated john kerry as second of state. he has
unemployment benefits insurance, and he wants it on his terms to be able to put off the fiscal cliff, but we are still going to have a lot of debate about how to deal with entitlements and spending cuts, and this is just showing that even after the election, washington teams paralyzed and unable to act, not very impressive. >> we felt so promising after the elections they wanted to work together, and you talk about the small deal, can they get it done? because boehner said, as far as...
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we did deal with the fiscal cliff issues weeks have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the markets and how they've been reacting and wall street and corporate america more generally. is there new pessimism that we're, a, not going to get a deal and not solve the issue anyway? >> big disappointment. people outside of washington understand clearly. a couple hundred billion over ten years separating both sides. the question becomes can washington still govern itself? two, there's a realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and undermines what we see ourselves doing going forward. finally, for the life of me as someone who sfrd there, it was so distressful to watch bo
we did deal with the fiscal cliff issues weeks have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the markets and how they've been reacting and wall street and corporate america more generally. is...
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Dec 23, 2012
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cliff. president obama said the break is good for lawmakers to think about a possible solution and he suggested a smaller deal that would just extend unemployment benefits and prevent middle class tax hikes. if no deal is reached by january 1st, everybody's taxes go up and there will be severe cuts to the federal budget. >> and mark sanford said he is considering running for the seat he once held in congress. he was a two-term governor that got international attention when he went missing in 2009, and he originally said he was hiking the appalachian trail, but he was visiting his mistress in argentina. sanford's now ex-wife, jenny, says she is considering a run for that seat. >>> and police say a serial arsonist struck again overnight. it happened at an abandoned storage structure and it's the 37th time since november 14th that somebody has set fire to an abandoned structure. >>> voting is over for egypt's controversial proposed constitution, and one side already claiming victory. preliminar
cliff. president obama said the break is good for lawmakers to think about a possible solution and he suggested a smaller deal that would just extend unemployment benefits and prevent middle class tax hikes. if no deal is reached by january 1st, everybody's taxes go up and there will be severe cuts to the federal budget. >> and mark sanford said he is considering running for the seat he once held in congress. he was a two-term governor that got international attention when he went missing...
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do you think the president wants to go over the fiscal cliff. it is a balanced approach and achieves the tax increases and revenue increases that the president wanted to see and imposes strict devastating cut. 10% across the board at the department of defense which many people have could be used to fund long-term entitlements. >> i don't think the president wants to go over the fiscal cliff but i do think he wants to break house republicans not just on this issue but on several issues down the road and essentially john boehner was right with bran b. we needed to pass that because we need leverage on president obama because president obama is not offering a balanced approach. he is talking about cutting spending but not talking about preserving medicare and social security which is 6 6 to 62 tof the federal budget. they need to use the debt ceiling limit to preserve medicare and social security. i think we will eventually reach an agreement here. >> but doug, i don't believe -- i don't think that is entirely fair. the president put on the table t
do you think the president wants to go over the fiscal cliff. it is a balanced approach and achieves the tax increases and revenue increases that the president wanted to see and imposes strict devastating cut. 10% across the board at the department of defense which many people have could be used to fund long-term entitlements. >> i don't think the president wants to go over the fiscal cliff but i do think he wants to break house republicans not just on this issue but on several issues...
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Dec 23, 2012
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anything hope of going over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan "b" made sense to. my republican colleagues. the ronald reagan smoeld if you get 80% of what you want, that's a pretty good day. we have the same objective of lower taxes. i lime simpson/bowles, eliminate deduksz and lower rates and put money on the debt. tax rate hikes are a partisan solution presented by the solution and he'll get tax rate hikes to. my republican colleagues, if we can protect 99% of americans from a tax hike, that's not a tax increase in my book so, chuck, maybe me and you and some other people in the senate can find a way to solve this in the short term but in the long term there won't be a deal. >> you think we're going over the cliff? >> i think we're going fall out of fiscal tree. the big chance for a big deal is at the debt ceiling. that's when we'll have leverage to turn the country around, prevent it from become greece and saving social security
anything hope of going over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan "b" made sense to. my republican colleagues. the ronald reagan smoeld if you get 80% of what you want, that's a pretty good day. we have the same objective of lower taxes. i lime simpson/bowles, eliminate deduksz and lower rates and put money on the debt. tax rate hikes are a partisan solution...
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Dec 23, 2012
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here's what i like with the country a week interest ligds off the fiscal cliff "the wall street journal" has a terrific reconstruction of how the talks collapsed. one point president obama reminded john boehner of the election results saying, you're asking me to accept mitt romney's tax plan. why would i do that? the general piece is packed with revealing details. boehner's backup bill dubbed plan b may have failed spectacularly on thursday night, never got to a vote, but t"the daily beast" had its own failure, reported that plan had passed plan b before correcting the error 15 minutes later. hillary clinton did not testify this week the a congressional hearings on the benghazi attack because she's recovering from a concussion suffered after she had fainted. some fox news commentators practically demanded she get a note from her doctor. >> she's suffering from acute benghazi allergy which causes lightheadedness when she hears the word benghazi or is being asked about it. >> how could she get a concussion when she's been ducking everything. this is what i don't understand. makes no sense
here's what i like with the country a week interest ligds off the fiscal cliff "the wall street journal" has a terrific reconstruction of how the talks collapsed. one point president obama reminded john boehner of the election results saying, you're asking me to accept mitt romney's tax plan. why would i do that? the general piece is packed with revealing details. boehner's backup bill dubbed plan b may have failed spectacularly on thursday night, never got to a vote, but t"the...
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Dec 23, 2012
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cliff? >> i do. i have an abiding faith that we will not leave-- and this is going to take presidential leadership hands-on leadership-- it's going to take both houses of congress, and everyone to realize we can't let taxes go up on working people in this country, and the bush tax cuts are tax cuts that did help our economy in the beginning. we are in the doldrums now because of the debt and the deficits that are dragging down our economy, as well as the over-regulation of small business. i think we've got to do something to do a patch now which, clearly on december 27, when mark warner and i go back, it is going to be a patch because in four days, we can't solve everything. >> schieffer: let me ask-- >> but i think we need to stop this fiscal cliff at a reasonable if salary level and then start working on the spending cuts. >> schieffer: about 30 seconds, senator. will there be a small deal? >> i think there's going to, unfortunately, be only a small deal. unless we get to dpowrl trillion w
cliff? >> i do. i have an abiding faith that we will not leave-- and this is going to take presidential leadership hands-on leadership-- it's going to take both houses of congress, and everyone to realize we can't let taxes go up on working people in this country, and the bush tax cuts are tax cuts that did help our economy in the beginning. we are in the doldrums now because of the debt and the deficits that are dragging down our economy, as well as the over-regulation of small business....
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Dec 23, 2012
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i'd like to ask you about the other serious issue consuming this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff? >> well, first of all, there's no reason why we should. remember what i said during the campaign. i thought that it was important for us to reduce our deficit in a balanced and responsible way. i said it was important for us to make sure that millionaires and billionaires paid their fair share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families only to pay for a tax cut for somebody like me. their task is going to be to sift through everything i did that is out there and even take a look at some bad ideas. the co
i'd like to ask you about the other serious issue consuming this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff?...
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host: one of our viewer says, how well wall street reacts to the fiscal cliff? we know there will be a deal. well stocks dropped anyway? to follow the market? guest: i do. it is possible the market will reflect displeasure or concern or worry about going over the cliff. it is important for the average american to not focus so much on the day-to-day gyrations of the stock market. you can be sure, politicians will be focused on it. one in this for getting a deal would be if all street has major crops days in a row. that might convince people who might otherwise think they could get a better deal to get a deal done. in that sense, it could be an action-forcing response. in the sense of what is happening in the real economy, i think we would prefer our stock market to be based on be diffict rid of. things like profits, how well companies are doing, the overall state of the economy, and that these day to day changes, whether a deal gets signed on. you're 30 or december 5. i do not think we to be too concerned about the market long term. that changes if we go a few mo
host: one of our viewer says, how well wall street reacts to the fiscal cliff? we know there will be a deal. well stocks dropped anyway? to follow the market? guest: i do. it is possible the market will reflect displeasure or concern or worry about going over the cliff. it is important for the average american to not focus so much on the day-to-day gyrations of the stock market. you can be sure, politicians will be focused on it. one in this for getting a deal would be if all street has major...